Evergrande’s EV Arm Chased to Repay Subsidies in Latest Blow

Evergrande’s EV Arm Chased to Repay Subsidies in Latest Blow




The electric vehicle unit of embattled real estate developer China Evergrande Group is being pursued by local governments to repay 1.9 billion yuan ($262 million) in subsidies after failing to start mass-production of its long-awaited car.



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